Snam published a good set of Q1 results. The Transportation segment benefits from higher regulated WACC, the decrease in Storage’s EBIT, due to volumes, is negligible at the group level. Operating cash flow largely covers investments, allowing the group to deliver a free cash flow of €634m and to reduce its debt.
15 May 2019
Good Q1 backed by higher regulated revenues
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Good Q1 backed by higher regulated revenues
Snam S.p.A. (SRG:WBO) | 0 0 0.3% | Mkt Cap: 12,935m
- Published:
15 May 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
2
Snam published a good set of Q1 results. The Transportation segment benefits from higher regulated WACC, the decrease in Storage’s EBIT, due to volumes, is negligible at the group level. Operating cash flow largely covers investments, allowing the group to deliver a free cash flow of €634m and to reduce its debt.